Friday, March 23, 2018 10:34:40 AM
1) The Holder notifies the Company;
2) Pays for the converted shares in warrants/options per agreement;
3) Company contacts transfer agent who issues shares;
4) Shares are ISSUED 144 restricted with legend;
5) Mandatory hold required under rule 144 plus legal opinion letters;
6) 144 Hold for non-reporting entities is 1-Year; after 1 year holder can apply for 144 removal and will need to provide proof of how shares obtained, in this case warrant/option conversion.
This should clear up the misconception on the NON Existent liquidity of warrant/option conversion at PRED.
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